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Which type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
Wiki User
∙ 10y ago
compound
Wiki User
∙ 10y ago
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Which type of interest is most often used for longer terms loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
What type of interest is most often used for longer term loans or in situations where the borrower doesn't know when he or she will pay back or at what rate?
compound
Which type of interest is most often used for longer term loans or in situation where the borrower doesnt know when he or she will pay back or at what rate?
compound
Can a lender make you pay for a loan for which you co-signed if the borrower filed a Chapter 7 bankruptcy and is no longer making payments?
You guaranteed to pay the loan if the primary borrower does not. That is what a cosigner does. The lender is going to be looking at you for their money.
What happens when a borrower doesn't pay back an FHA loan?
If the borrower gets too far behind, the home will be foreclosed on. There are a lot of variables and considerations for this type of situation. 1. There can be significant financial expenses to the borrower. 2. The Borrowers credit will be hit hard. 3. The borrower may never be able to get another government loan and may no longer qualify for other government programs. Encourage the borrower to sell the home before the foreclosure happens.
Does vasaline make your eyelashes longer?
im not posotive but im pretty sure that it doesnt make them longer
Dealership no longer exist and financial company doesnt do loans anymore?
the dealership doesnt exist anymore and the financial company doesnt do auto loans anymore
What is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Is someone who co-signs on a loan up a creek if the primary borrower no longer will keep in contact?
YES !!!!!!, You will be the next person they come looking for.
What statement is true of compound interest?
The power becomes greater the longer you keep your money and the interest in the bank.
Does a quit claim deed remove the person for life?
Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.Yes. If a person signs a quitclaim deed they transfer their interest in the property to the grantee and no longer own the property.
What is the value of compound interest?
Compound interest increases the amount earned by adding credited interest to the principal, and interest will then be earned on that money as well. The longer the principal and interest remain in the account, the greater the earnings they will accrue.
